Analyzing the options chain and the chart patterns of PFE Pfizer prior to the earnings report this week, I would consider purchasing the 30usd strike price at the money Calls with an expiration date of 2023-11-10, for a premium of approximately $0.91. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
⋅
PFE traded at $31.39 after earnings, and the Calls went up from $0.91 (when I wrote this article) to $1.37 at the close today (higher intraday), for about 50% gain!